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Thaksin gets 5 years for illegal shareholding and excise cut for mobile operators

13 Sept 21:22 Key points summarised by AI

Former Thai Prime Minister Thaksin Shinawatra was sentenced to five years in prison by the Supreme Court.
He was found guilty of illegally owning shares in phone companies with government concessions through proxies, violating the Constitution.
Thaksin was also convicted of conflict of interest for reducing excise taxes for mobile operators, including those affiliated with his family-owned company, Shin Corp, causing damage to the state.
The five-year sentence comprises two years for illegal shareholding and three years for the excise tax reduction, adding to previous convictions.

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.